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What are these releases announcing? I am sure a source does not just say there are announcement comings.
How are these announcements going to effect IWDM and its PPS?
It is a long shot prediction, and was qualified as such
No one knows if it is true or not until it happens. It is certainly an option at this point. The fact of the matter is IWDM is going to need financing one way or the other, and that is going to take some serious dilution with the share price where it is. It takes over 16 million shares to raise $1 million.
Authorization of new shares would trigger an 8K unless it is authorized close to when they release the a 10k or 10Q, and that would cover it. In my opinion if they do authorize additional shares they will do it with a 10K or 10Q, and not do it out of the blue.
February 15th or around there is when we should see the 10k for Q4 and 2011. Any guess on what the cash levels are? I say there is less than $20,000 cash on the books at the end of the 4th quarter.
I think we will see total 2011 sales of $1.6 million with a loss of $600,000 + for the year.
My long shot prediction is that the 10K will show that IWDM has authorized additional shares, since I am almost certain they are issuing small amounts for cash to pay the bills. Maybe they authorize an additional 80,000,000 take the total authorized to 330,000,000.
The PR on their website was released by PR Newswire, which is a press release service that a lot of companies use. They released it as they saw fit, it was not IWDM that released it.
PR Newswire is a very legit company that IWDM has hired or pays per release. If other news agencies did not pick it up that is not at the fault of IWDM.
NO 8k means no resignation. Also FYI Bean did announce the Sony Deal, the PR is on their own site.
http://www.radioio.com/2011/11/radioio-joins-virtual-world-in-lootâ„¢-entertainment-on-demand-eod-system/
Look at all the volume at any price under .065 and you see in the past month there has been less than 1 million shares traded at a PPS less than what it is today, so maybe if one person was buying all of it with both their fists they could make a little money.
Seeing that the two fist recommendation was made at a much higher PPS level, it may go down as the worst recommendation in investing history. No one who followed that recommendation has made any money, in fact they keep losing money.
Decent Bid Support? What does that mean? If IWDM actually actively traded you can look for support but since that support at the bid is also where the PPS is it means nothing.
With less than 10,000 shares on the day and so far less than 100,000 on the week I don't think support is needed.
You cannot have support or resistance with no volume, it is meaningless.
That is not how trading desks and programs work.
It does not behoove a desk or a market maker to show their entire lot, especially with penny stocks. They show what they need to show and a program kicks in when shares are purchased and blocks are replaced with more when needed. Just because 10,000 or so show on ask right now does not mean if you buy those 10,000 the price will move up to the next offer. If there are more available at that offer then trading programs will replenish the shares as needed. If there are no other shares at that offer price then it will move up.
Put up a buy order at .075 and I am guessing you will fill. Who cares whose shares you get, just be happy that you get the shares you say you really want and are willing to buy.
So...just put in a buy order at .075 for 500,000 I bet you fill.
Why not just buy 500,000 shares, why do they have to be someone specifics shares?
There is plenty of stock at the ASK right now, who cares whose shares they are.
Go ahead and buy them all up, lets get some IWDM volume. Pick up 500,000 shares now so we know it is not all hot air.
a company has 4 business days from the time of a material event until the time they are required by law to release an 8K.
If Bean resigned wouldn't that mean Chase and Michaels are already running the show? It has been said here that Chase and Michaels have been running the show for almost a year now. In that time frame they have not improved any communication with Wall Street, they cant even get out an 8k about the resignation of Bean and Edwards which they are required to do by law.
I suspect that no one has resigned and therefore no need for an 8K.
Lets face facts, IWDM has always released 8K's no time when they were needed so common sense tells us that there is no need for an 8K cause nothing is going on.
That is not what is being said, what is being said is nothing has happened that warrants and PR or 8K.
Same old same old at IWDM.
With a total of 2200 shares traded today or a total of $165, there are no legal threats, just simple deduction and common sense.
There are no parties interested in IWDM, so people will come up with all sorts of fantasies to help themselves out.
You don't sue for Federal offenses, and not for nothing it is most likely all a lie so it really makes no difference.
Just imagine the opportunity cost of the $$ that folks have locked up in IWDM shares. The things that money could be doing. Especially with some Dollar cost averages in the .30's and even higher. IWDM will never see that PPS level again. The scam was played out perfectly here, they found a willing group of lemmings that never gave it a second thought. Boss man says buy so we buy.
Either way that is material information. Just disseminating it is against the law.
Himself (Who is that?).
Are you saying that Bean the CEO of IWDM personally told you that he stepped down, and you disseminated that privileged information to a message board?
Give us a break...A quick pop to .25? Maybe if there were 60 million shares outstanding. If there was news it would be released, they can not and will not hold back material events. If what some say is true and the Feds and IRS have their eyes on certain individuals at IWDM then they will follow the rules and will make sure everything is on the up and up. No news = no news release, it is that simple.
Not that anything said here is true, but second and third hand dissemination of inside information is still illegal, so don't claim that it is not.
Who wants to accumulate stock? The heavy handed insiders? Now I know IWDM is a penny stock but they still have to follow some semblance of what the SEC says they should. If Insiders were accumulating you would see paperwork filed on it. Especially if it is someone like Randy Michaels who is involved with other publicly traded companies and would not risk banishment over a few $$ in IWDM.
None of this seems to matter to the market and potential IWDM investors.
At least the buy with both fists rhetoric has slowed for now.
It is now 4 business days since he "allegedly" resigned and that is the deadline to have an 8k out. So make of it what you will.
IWDM is still IWDM, and it does not matter who is on the BOD, all that matters is cash, revenue, PPS and volume. All else is just a sideshow.
which one of you bought 100 shares at .095. Very valiant effort.
I would venture a guess that 90% or more of the listeners of RadioIO were fans who Bubba developed while on Sirius. Should he go back to Sirius it would be the last straw for IWDM.
Could you imagine all the angry truckers who followed Bubba to IWDM, paid $300 only to have the rug pulled out from under them, who now have to restart their SiriusXM subscription.
Just like all the buyers who snatched up a total of 1500 shares half way through the trading day.
So what are the details of the Sony Deal?
If so, then what are the details? Explain it.
How do you figure that IWDM will go from being overvalued at $9.9 million today to $41.5 million in 15 days? How can that be justified?
How can management or whomever are floating such scenarios accomplish this? The only way that is possible is thru massive fraud via another pump and dump such as we saw in January of last year. Lets see how many willing participants there are this time!
Since Monday was a Holiday the 8K would be due Friday.
what is it that they are announcing in this alleged 8K? You need material news for an 8K not a rumor.
So if this "great" news is already out there, how come nobody is buying huge blocks of shares?
What is meant by "he would have support down here"?
The sony deal was already released and has already been made public, so what type of release is going to go out to the world today?
If Bean was the CEO and now is not how did he not resign?
What is happening to the 10's of millions of shares that Edwards and Bean own? Since the two of them own more shares than just about everyone else combined they still pretty much run the show.
Clock is ticking on an 8K, can't wait to see what the market reaction is.
IWDM started 2011 at .14 and ended at .065. What are the predictions for 2012?
Is there going to be a share restructuring, a major reverse split?
Will IWDM become the new AAPL and run to $5.00 a share?
Will IWDM declare Bankruptcy?
Will IWDM just make enough money to skirt by, and keep the lights on for another 12 months?
Yeah massive accumulation. Crazy buying almost $8000 worth. Someone betting huge. It's laughable.
2012 will bring the same old shenanigans for IWDM.
It does not matter who the CEO is. It matters how low cash reserves are, it matters how fast the company burns thru cash, it matters how many outstanding shares there are. Any CEO worth their salt will restructure the shares. Wipe out existing shareholders including all the major shareholders. Just because someone is no longer on the board that does not mean they give up their shares. In fact they are now free to dump them since they have no fiduciary duty.
You all be safe on NYE
I was being sarcastic...Institutions and fund investors don't call Investor Relations...They all do their own work. Investor relations is for releasing news, and communicating with retail.
Institutional investors know what is going on before any of us know, and certainly before investor relations is notified. Once news hits IR it is old by wall street standards.
Should institutional investors and potential investment bankers go use Google?
Why would IWDM keep good things secret? Is it a game so we can see who is a better detective?
If there is more going on, why hide it?
OK! SHOULD I USE BOTH FISTS?
When $200,000 +/- of money moves through IWDM in a day then we can start talking about something about to happen.
Really...I dont think $6000 worth of trades can really be considered heavy volume.
Guess we will see what comes first. Not sure which one is worse for IWDM shareholders.
Merry Christmas from Kentucky :)
Private Placement in a Public Entity (PIPE), just more dilution. Find me the Private Group that wants a piece of IWDM that does not come at a 60-75% discount to market.
Either way it is dilutive and then that is the last straw. One more raise and all the authorized shares are gone. So maybe they will go for a shareholder vote on authorizing more. The BOD and their cronies controls the majority of voting shares so good they will get what they want.
At the end of the day the insiders dump shares that have a $0.00 cost basis to them at the expense of share holders that own shares that actually cost them money.
Insiders win, outsiders (retail investors, bubba army, bag holders) lose.
This was telegraphed when the stock ran to .68 quickly, and then started the long slow bleed back down here. There was no support anywhere from .68 down to here. No inside money was put back in to support the stock, no outside investment group took a stake that, there is nobody defending the share price. Money was made from .11 to .68 then the dreams of the retail share holders has slowly been crushed. Now you have Directors wanted by the law, and cash flow problems. Not something a Private Group really wants to get involved with.
BK is a very real possibility. Just look at cash on hand and the burn rate. With 80,000,000 shares left on their authorized float at best they could raise at a 30% discount so at the very best .03. Before fees that is $2.4 million and 0 shares available.
That is not enough cash to make it through 2012 and not to mention they can no longer pay any insiders with shares since that the available float would be gone.
I dont think that is the issue since I cant see anyone taking them up on the offer.
There is no value in IWDM, it has a stale product, and plenty of competition.
Well unfortunately Stocks and their value and therefore shareholders personal wealth are all about crunching the numbers.
The product IWDM provides is not unique, is not fresh, and does not have any competitive advantage over their competition. They are lagging the industry leaders and therefore when you crunch the numbers on IWDM everyone loses. Give them too much time and there will be $0.00 to salvage, time is actually the worst possible thing for IWDM. With very little cash and no sign of cost cutting or a capital raise, the proverbially Doomsday Clock is getting close to the zero hour.
Now if RadioIO was not a public company then there would be no issue, but they made a conscience decision to access the retail investor market and bilk them out of money. But buy with both fists. It is just tax loss selling since January 2011!